# Shocking Spread 😱 **URL:** \ **Category:** ⚖ Active trading\ **Created:** [January 21, 2021, 9:52pm UTC](https://community.trading212.com/t/shocking-spread/39006 "2021-01-21T21:52:21Z")\ **Posts on this page:** 16\ **Page:** 1
**Author:** ![Itrade](https://avatars.discourse-cdn.com/v4/letter/i/ac8455/32.png) [@Itrade](https://community.trading212.com/u/Itrade)\ **Post date:** [January 21, 2021, 9:52pm UTC](https://community.trading212.com/t/shocking-spread/39006/1 "2021-01-21T21:52:21Z")
First time Posting, but after reading the forums it seems most are suffering from the horrendous spread. But this spread is a shocker Today I was analysing some stocks on IG and thought I will take gamble on the following stock Opthea. On IG the spread was ~$0.03, so without paying attention decided to use my last funds on trading212. Boom instant account blown the moment I pressed buy. What I find odd is, my account went to £0.00. I only spent ~8% of my account value. But I ended up losing more than 3x my account value. Thank God for Negative balance Protection because I was definitely not going to pay the additional loss. But shouldn’t I atleast have kept the margin for the buy, instead of loosing it all? And is this a glitch or is trading212 manipulating the market? And what are the regulations on Margin call, cause I didn’t get any (but then I guess it happened too quick for that to happen)? ![image](https://europe1.discourse-cdn.com/flex013/uploads/trading212/original/2X/f/faeeb1040b0072b51bb5b41b732770f116166fd6.png) ![image](https://europe1.discourse-cdn.com/flex013/uploads/trading212/original/2X/2/270ae8dd7b6afa7cdc6edd9389d694cef1d5cfde.jpeg) ---
**Author:** ![Cashurkash](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/cashurkash/32/2350_2.png) [@Cashurkash](https://community.trading212.com/u/Cashurkash)\ **Post date:** [January 21, 2021, 11:07pm UTC](https://community.trading212.com/t/shocking-spread/39006/2 "2021-01-21T23:07:39Z")
Im guessing your trading in CFD mode? Hence the 3x loses but, if a position opens at less than what it closed at then, your account can go to zero as it bypasses that margin call limit. Gotta watch out for those Gap Ups/Downs depending on what way your trading. I’d report this though to @Tony.V as there could well be something here that is totally off and shouldn’t have occurred PS… Welcome to the community on your first post!!! ---
**Author:** ![RicardoBorsato](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/ricardoborsato/32/20487_2.png) [@RicardoBorsato](https://community.trading212.com/u/RicardoBorsato)\ **Post date:** [January 21, 2021, 11:21pm UTC](https://community.trading212.com/t/shocking-spread/39006/3 "2021-01-21T23:21:27Z")
Well, I personally think that trading212 spread is overkilling. Many other brokers offers almost zero spread. But its what we got. Swing is the best option in my opinion. ---
**Author:** ![Cashurkash](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/cashurkash/32/2350_2.png) [@Cashurkash](https://community.trading212.com/u/Cashurkash)\ **Post date:** [January 21, 2021, 11:22pm UTC](https://community.trading212.com/t/shocking-spread/39006/4 "2021-01-21T23:22:17Z")
Big spreads are in the CFD mode. Spread in Invest is pretty low tbh ---
**Author:** ![RicardoBorsato](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/ricardoborsato/32/20487_2.png) [@RicardoBorsato](https://community.trading212.com/u/RicardoBorsato)\ **Post date:** [January 21, 2021, 11:27pm UTC](https://community.trading212.com/t/shocking-spread/39006/5 "2021-01-21T23:27:07Z")
Yeah. Its what I mean. My bad But yes, spreads on CFD are too high. Mainly o forex. Other brokers only uses spread in specified ones. All other pairs are spread free. ---
**Author:** ![Cashurkash](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/cashurkash/32/2350_2.png) [@Cashurkash](https://community.trading212.com/u/Cashurkash)\ **Post date:** [January 21, 2021, 11:29pm UTC](https://community.trading212.com/t/shocking-spread/39006/6 "2021-01-21T23:29:14Z")
Too big a risk for T212 at moment with everyone holding long positions. Also worth looking at the fees for keeping positions open as these sneak by a lot of people new to the system and they see their account dropping daily whilst price still the same or in some cases moved upwards ---
**Author:** ![Itrade](https://avatars.discourse-cdn.com/v4/letter/i/ac8455/32.png) [@Itrade](https://community.trading212.com/u/Itrade)\ **Post date:** [January 22, 2021, 12:21am UTC](https://community.trading212.com/t/shocking-spread/39006/7 "2021-01-22T00:21:40Z")
Thanks for the response and yes it was CFD with a leverage of 1:5, hence why I lost money that quickly. The funny thing is, I was buying in the hope of making some money when the gap closes. ---
**Author:** ![Itrade](https://avatars.discourse-cdn.com/v4/letter/i/ac8455/32.png) [@Itrade](https://community.trading212.com/u/Itrade)\ **Post date:** [January 22, 2021, 12:34am UTC](https://community.trading212.com/t/shocking-spread/39006/8 "2021-01-22T00:34:18Z")
Do you mind or are you allowed to share those brokers with spread free instruments? Hope they have GPB/USD. Also 212 indices spreads are quite wide, next to impossible to trade the small timeframe(30 mins and below) on instruments like us30. But I wish I could find a broker with an app that allows me to hedge and aggregate, whilst being able to partially close trade. This is what’s keeping me here. ---
**Author:** ![RicardoBorsato](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/ricardoborsato/32/20487_2.png) [@RicardoBorsato](https://community.trading212.com/u/RicardoBorsato)\ **Post date:** [January 22, 2021, 1:00am UTC](https://community.trading212.com/t/shocking-spread/39006/9 "2021-01-22T01:00:34Z")
The lowest I could find for gbp usd is [Lowest Spreads Forex CFD Provider| IC Markets](https://www.icmarkets.com/global/en/trading-pricing/spreads) ---
**Author:** ![ryan9921](https://avatars.discourse-cdn.com/v4/letter/r/13edae/32.png) [@ryan9921](https://community.trading212.com/u/ryan9921)\ **Post date:** [January 22, 2021, 9:30am UTC](https://community.trading212.com/t/shocking-spread/39006/10 "2021-01-22T09:30:56Z")
No way that spread is correct imo, I’d contact t212 support. ---
**Author:** ![Martin](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/martin/32/23571_2.png) [@Martin](https://community.trading212.com/u/Martin)\ **Post date:** [January 22, 2021, 9:58am UTC](https://community.trading212.com/t/shocking-spread/39006/11 "2021-01-22T09:58:02Z")
Hello, There was indeed an abnormal spread that led to the forced closure of your position right after it has been opened. I will personally fix the spread configurations for the instrument in question & compensate in full all of the affected clients. The compensation should be allocated within an hour. ---
**Author:** ![Itrade](https://avatars.discourse-cdn.com/v4/letter/i/ac8455/32.png) [@Itrade](https://community.trading212.com/u/Itrade)\ **Post date:** [January 22, 2021, 11:16am UTC](https://community.trading212.com/t/shocking-spread/39006/12 "2021-01-22T11:16:51Z")
Oh wow you guys are not as bad as some of the comments on this forum portrays. I had already written the loss off as it was a small loss, but thanks, this has given me hope in 212. ---
**Author:** ![CavanHaganInvesting](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/cavanhaganinvesting/32/18536_2.png) [@CavanHaganInvesting](https://community.trading212.com/u/CavanHaganInvesting)\ **Post date:** [January 22, 2021, 11:31am UTC](https://community.trading212.com/t/shocking-spread/39006/13 "2021-01-22T11:31:07Z")
Most people complaining are personally at fault, but they go and complain and leave bad reviews because they think they’ve been scammed. This case was a clear glitch which wasn’t your fault, so you should be compensated. Thing to remember is people really only leave reviews when they want to complain. ---
**Author:** ![StockPicker](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/stockpicker/32/11898_2.png) [@StockPicker](https://community.trading212.com/u/StockPicker)\ **Post date:** [January 22, 2021, 6:02pm UTC](https://community.trading212.com/t/shocking-spread/39006/14 "2021-01-22T18:02:17Z")
Right, but not in all cases would a new investor understand that something is off or make a fuss about it, hence they resort to reviews to find solace. ---
**Author:** ![Daytrader](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/daytrader/32/11821_2.png) [@Daytrader](https://community.trading212.com/u/Daytrader)\ **Post date:** [January 22, 2021, 6:11pm UTC](https://community.trading212.com/t/shocking-spread/39006/15 "2021-01-22T18:11:11Z")
This happens alot, happened to me on bitcoins. Last year, the spreads were nearly x10. Obviously didn’t look properly before pressing buy ---
**Author:** ![Cashurkash](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/cashurkash/32/2350_2.png) [@Cashurkash](https://community.trading212.com/u/Cashurkash)\ **Post date:** [January 23, 2021, 9:32pm UTC](https://community.trading212.com/t/shocking-spread/39006/16 "2021-01-23T21:32:22Z")
look at it as an education 🙂 painful but, you won’t ever trade again without looking at the spreads now